LAUGFS Petroleum (Pvt) Limited was incorporated in 2004 as a fully owned subsidiary of LAUGFS Holdings, a highly diversified business conglomerate with a substantial stake in the power and energy sectors. LAUGFS Petroleum is one of the fastest growing sectors setting new standards in development and progressing in innovation and technology. And also the only ISO certified fuel filling station in Sri Lanka.
Simultaneously, with the liberalization of the petroleum business in Sri Lanka, the opportunity to retail all auto fuels petrol and diesel in particular arose a sound platform for the company to enter into petroleum retailing entity, pioneering the state of the art filling station concept of Sri Lanka. Our service and presence have enabled us to achieve a firm footing in the market during the past and the present. Our stations are fully equipped with high octane fuels such as 95 octane, 92 octane super diesel 4 star, auto diesel, and kerosene and auto gas. Customers will be offered facilities such as Nitrogen Air Facility, Digital Air Facility, lubricants, domestic gas cylinders and car care items under 24 hour service. 2141 Dialog SMS Facility and direct Dialing customer suggestion phone facilities are available at the filling station network which provide an opportunity for the valued customers to contact the management for any significant inquiries or their requirements.
Our annual turnover was Rs 8.5 billion. Currently there are more than 250 staff, working at LAUGFS Petroleum including filling stations and in the head office. The challenging associated with the changing nature of work, we encourage growth and career development of employees by coaching and by helping employees to achieve their goals, by providing adequate training, encouragement of staff development and opportunities for growth. We reserved nearly 3 million for the training & development of our employees. By implementing SAP (an ERP system) at LAUGFS Petroleum would give an opportunity to strengthen our competitive advantage and allow the business to operate effectively and efficiently by providing very efficient accounting information for the management for decision making. We are proud to say that, we help the government to overcome the fuel requirement by opening up a new fuel filling station at Oluvil harbour which fulfill the fuel needs of fisheries etc. Within the year 2014, we were able to open up five new filling stations and our firm intention is to enhance the number by adding two more, before the end of this year. Our great expectation is to become the official 3rd player of this petroleum industry in Sri Lanka within a couple of years’ time.
Southern Petroleum (Private) Limited (wholly owned subsidiary of LAUGFS Holdings Limited) a company duly incorporated in the Democratic Socialist Republic of Sri Lanka on 25th of March 2013. The main business of the company is retailing auto fuel and auto gas as an authorized dealer of the Lanka IOC PLC. Southern Petroleum (Pvt) Limited at present operates with three fuel filling stations and six Auto Gas filling stations as well.
Currently, the proposed fuel filling stations at Kurunegala and Kosgoda is under construction and our intention is to commence operations of these outlets before the end of this year. Further, it is our great expectation is that, two more filling stations at Awissawella and Bandaragama within this financial year. And we are expecting to upgrade Thalangama and Papiliyana Gas stations into petrol variants filling stations during the financial year 2014/2015.
Our stations are fully equipped with high octane fuels such as 95 octane, 92 octane, and auto gas. Customers will be offered facilities such as Nitrogen Air Facility, Digital Air Facility, lubricants, domestic gas cylinders and car care items under 24 hour service. 2141 Dialog SMS Facility and direct Dialling customer suggestion phone facilities are available at the filling station network which provide an opportunity for the valued customers to contact the management for any significant inquiries or their requirements.